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The Practice of Statistics | 5th Edition | ISBN: 9781464108730 | Authors: Daren S. Starnes, Josh Tabor
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Incomes of college grads According to the Census Bureau, the mean and median income in a

Chapter 1, Problem 83

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QUESTION:

Incomes of college grads According to the Census Bureau, the mean and median income in a recent year of people at least 25 years old who had a bachelor’s degree but no higher degree were $48,097 and $60,954. Which of these numbers is the mean and which is the median? Explain your reasoning.

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QUESTION:

Incomes of college grads According to the Census Bureau, the mean and median income in a recent year of people at least 25 years old who had a bachelor’s degree but no higher degree were $48,097 and $60,954. Which of these numbers is the mean and which is the median? Explain your reasoning.

ANSWER:

Step 1 of 2

The mean of observation is the sum of all observations divided by the number of observations. And Median is the midpoint of a distribution arranged in ascending order.

It is given that the mean and median income in recent years of the people who are at least 25 years old who had a bachelor's degree but no higher degree were $48,097 and $60,954. And we have to identify which of them is the mean and median

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